Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $236.39
- 2 Days on Market
- MLS # : 6178873
- Updated Date : 01/10/2021 at 04:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,407 sqft
- Baths : 3 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Paradise Valley Oasis offers this 2400+SqFt, 3Bed + Den, 3Bath territorial w/oversized 2-car garage in the highly rated Paradise Valley School District. NO HOA! Easy access to the Dreamy Draw Recreational Area & Piestewa Peak Trails. Beautiful Courtyard w/Separate Guest Quarter Entrance - Perfect for in-laws or AirBnb! Entertain your friends & family in the open concept living space w/large island, granite counters & custom bar. Master bathroom boasts glass enclosed shower, jetted tub and huge walk-in closet. Private Jacuzzi is hot, up & running for those cool winter nights. Beautiful mountain views from the spacious covered back patio to large grassy area. RV Gates! Move In Ready! Minutes from great food, shopping and easy access to the 51. You don't want to miss this opportunity!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Paradise Valley Oasis South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Oasis South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,976 |
| Property Tax | -$364 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$463
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$569,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$156,535
LOAN DETAILS
$1,976
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,250 |
| Loan Amount | $426,750 |
1.5
YEARS SAVED
$4,458
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,070
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
2843 E Turquoise Drive Phoenix, AZ 1
- 3 beds 3 baths ∙ 2,407 Sqft ∙ Built 1962 3 beds 3 baths ∙ 2,407 Sqft ∙ Built 1962
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3133 E Onyx Avenue Phoenix, AZ 2
- 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 1969
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.71
-
3422 E Beryl Lane Phoenix, AZ 3
- 3 beds 2 baths ∙ 2,308 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,308 Sqft ∙ Built 1971
LEASED 08/08/19- Rent
- Rent Per SQFT
- $1,895
- $0.82
-
3409 E Mountain View Road Phoenix, AZ 4
- 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1960
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,950
- $0.92
-
2265 E Becker Lane Phoenix, AZ 5
- 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.99
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178873
Last Updated: 01/10/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
